Landsbanki Guernsey Crisis & Lyndon Trott

Lyndon Trott is Guernsey's Chief Minister; the big cheese on Guernsey. He holds the highest elected position within the State of Guernsey.

One would naturally assume that as chief Minister, Lyndon would have been straight on the case, liasing with the Icelandic and UK governments, reassuring depositors and performing damage limitation on the reputation of Guernsey as a financial centre wouldn't you?

What did Lyndon do? He managed a quote,"he expected substantial recoveries to be passed to customers." Hmmm, thats as clear as mud isnt it? Up to now these "substantial recoveries" are 30%.

His next move was one of which Sir Humphrey could be proud: He hopped on a plane to China with his sidekick Peter Niven to...... wait for it....... try and promote Guernsey in the Far East. Way to go dude! Talk about fiddling while Rome burns.

Clearly the Chinese will be scrabbling to invest in Guernsey; perhaps they like to play Russian Roulette with their cash on an island where the banks collapse without depositor protection schemes and competant financial regulation? Who knows?

Mr Trott - please observe the text below detailing Guernsey banking information we got from the internet. The bold emphasis is ours.

Banks in Guernsey are regulated and licensed by the Guernsey Financial Services Commission (GFSC) under the Banking Supervision (Guernsey) Law 1994 as amended. The Commission is extremely careful to exclude doubtful operations. (Ahem!)

Banks are registered in Guernsey under the Banking Supervision (Guernsey) Law 1994 as amended in 2003, which is administered by the Guernsey Financial Services Commission. Applications from new banks are carefully vetted both from a prudential point of view and commercially.

The Banking Law has three main objectives:
To protect depositors;
To protect the reputation of Guernsey as an International banking centre;
To protect the best economic interests of Guernsey.

Mr Trott - Does your seeming inaction protect depositors and protect the reputation of Guernsey as an International banking centre? How is that possible when since this crisis erupted you have been in China, Finland and Russia? Shame on you sir! Maybe you should call Mr Haarde and threaten to "punch your [expletive deleted] teeth out" like you did with your own Deputy Brehaut? Proof Here.

This site says: Mr Trott, swanning around the orient while banks collapse at home is not the way the big cheese of a financial centre should behave. If you want Guernsey to retain a shred of credibility as a financial centre, then please engage in negototiations that will get 100% of the Landsbanki Guernsey depositors their money back.

Media: Please contact Lyndon Trott on and ask him what he is doing about Landsbanki Guernsey Savers.
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